Palo Alto Networks, Inc. $PANW Shares Sold by E. Ohman J or Asset Management AB

Key Points

• E. Ohman J or Asset Management AB cut its Palo Alto Networks stake by 34.4% in the second quarter, selling 81,951 shares and retaining 156,265 shares valued at approximately $53.3 million.
• Palo Alto Networks reported quarterly earnings of $0.85 per share, beating estimates of $0.79, while revenue rose 31.1% year over year to $3.0 billion.
• Analysts maintain a broadly positive view, with a consensus “Moderate Buy” rating and an average price target of $333.76, although insiders sold more than $27.1 million in stock during the last quarter.

E. Ohman J or Asset Management AB reduced its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 34.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 156,265 shares of the network technology company's stock after selling 81,951 shares during the quarter. Palo Alto Networks accounts for approximately 1.2% of E. Ohman J or Asset Management AB's holdings, making the stock its 13th largest holding. E. Ohman J or Asset Management AB's holdings in Palo Alto Networks were worth $53,289,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Darwin Wealth Management LLC acquired a new stake in Palo Alto Networks in the second quarter valued at approximately $25,000. Steph & Co. raised its stake in shares of Palo Alto Networks by 88.2% during the fourth quarter. Steph & Co. now owns 143 shares of the network technology company's stock valued at $26,000 after purchasing an additional 67 shares during the period. Knuff & Co LLC acquired a new position in shares of Palo Alto Networks during the fourth quarter worth $26,000. Sittner & Nelson LLC boosted its stake in shares of Palo Alto Networks by 73.8% in the fourth quarter. Sittner & Nelson LLC now owns 146 shares of the network technology company's stock valued at $27,000 after purchasing an additional 62 shares during the period. Finally, Luken Investment Analytics LLC boosted its stake in shares of Palo Alto Networks by 196.2% in the fourth quarter. Luken Investment Analytics LLC now owns 154 shares of the network technology company's stock valued at $28,000 after purchasing an additional 102 shares during the period. 79.82% of the stock is owned by institutional investors and hedge funds.

Palo Alto Networks Stock Performance

Shares of PANW stock opened at $385.04 on Tuesday. The stock has a market capitalization of $313.81 billion, a price-to-earnings ratio of 315.61, a PEG ratio of 12.21 and a beta of 0.91. Palo Alto Networks, Inc. has a one year low of $139.57 and a one year high of $385.17. The company's 50-day simple moving average is $319.57 and its 200-day simple moving average is $229.90. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.86 and a current ratio of 0.86.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last announced its quarterly earnings data on Tuesday, June 2nd. The network technology company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.06. Palo Alto Networks had a return on equity of 10.53% and a net margin of 7.95%.The firm had revenue of $3 billion during the quarter, compared to analyst estimates of $2.94 billion. During the same period in the previous year, the company earned $0.37 earnings per share. Palo Alto Networks's quarterly revenue was up 31.1% on a year-over-year basis. Palo Alto Networks has set its FY 2026 guidance at 3.770-3.790 EPS and its Q4 2026 guidance at 0.960-0.980 EPS. Equities analysts anticipate that Palo Alto Networks, Inc. will post 2.02 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, EVP Dipak Golechha sold 5,000 shares of the business's stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $289.56, for a total value of $1,447,800.00. Following the completion of the sale, the executive vice president directly owned 145,250 shares in the company, valued at approximately $42,058,590. The trade was a 3.33% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Josh D. Paul sold 1,100 shares of the company's stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $285.08, for a total value of $313,588.00. Following the sale, the chief accounting officer directly owned 81,636 shares in the company, valued at approximately $23,272,790.88. This represents a 1.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 101,239 shares of company stock worth $27,174,360. 1.40% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Barclays reaffirmed an "overweight" rating and set a $370.00 price target (up from $315.00) on shares of Palo Alto Networks in a report on Wednesday, August 5th. Arete Research upped their price objective on shares of Palo Alto Networks from $185.00 to $433.00 and gave the company a "buy" rating in a research report on Monday, June 29th. Cantor Fitzgerald set a $340.00 target price on Palo Alto Networks and gave the company an "overweight" rating in a research note on Wednesday, June 3rd. Berenberg Bank lifted their target price on Palo Alto Networks from $290.00 to $360.00 and gave the stock a "buy" rating in a research report on Wednesday, June 3rd. Finally, Guggenheim cut Palo Alto Networks from a "neutral" rating to a "reduce" rating in a research note on Wednesday, May 27th. One analyst has rated the stock with a Strong Buy rating, forty have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $333.76.

About Palo Alto Networks

Palo Alto Networks NASDAQ: PANW is a cybersecurity company founded in 2005 and headquartered in Santa Clara, California. The firm develops a broad suite of security products and services designed to prevent successful cyberattacks and protect enterprise networks, clouds, and endpoints. Built around a platform strategy, its offerings target threat prevention, detection, response and governance across hybrid and multi-cloud environments.

The company's product portfolio includes next‑generation firewalls as a core on‑premises capability, alongside cloud‑delivered security services and software for securing public and private clouds.

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